WTI Crude Oil : a short idea with an attractive risk/reward
Update: Full Target Hit
Profit/loss(pips)= +600
In my view, Oil is vulnerable to a major breakdown, taper uncertainty, weaker growth in the U.S, a softer tone between Iran and U.S, and Syria calm down, all point to a shift in the ongoing bull trend.
Downside pressure on USD due to government shutdown and debt ceiling debate has delayed this scenario and given oil some support.
twitter.com/thefxchannel
thefxchannel.com
Profit/loss(pips)= +600
In my view, Oil is vulnerable to a major breakdown, taper uncertainty, weaker growth in the U.S, a softer tone between Iran and U.S, and Syria calm down, all point to a shift in the ongoing bull trend.
Downside pressure on USD due to government shutdown and debt ceiling debate has delayed this scenario and given oil some support.
twitter.com/thefxchannel
thefxchannel.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.